On 16 April 2013, an official communiqué from the European Parliament indicated that the Capital Requirements Regulation (CRR) and a fourth edition of the Capital Requirements Directive (CRD IV) had been passed. The new set of rules, which are commonly referred to as the CRD IV Package will write into EU law the international Basel III guidelines for the level of financial reserves […]
US President Barack Obama issued an Executive Order setting forth principles and requirements for making US Government data open and machine-readable, including that “To promote continued job growth, Government efficiency, and the social good that can be gained from opening Government data to the public, the default state of new and modernized Government information resources […]
Financial services providers in France must also now become familiar with new players on the scene at a supervisory level, namely the pan-European supervisory authorities for banks, insurance and the securities markets. Although day-to-day supervision of financial services provider remains at a national level, these pan-European authorities, with a view to working towards a common […]
The UK is planning to adopt a stringent version of European Union (EU) rules on capital adequacy for its own underwriters, despite realizing that it will face criticism from EU members. Britain’s Prudential Regulation Authority (PRA) chief executive Andrew Bailey was quoted by Reuters as saying that the proposed rule, known as Solvency II (S-II), […]
For the financial years 2010-11 and 2011-12 a total of 2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms with the India Ministry of Corporate Affairs.
EU Parliment Press Release: From 1 January 2014, EU banks will be stronger. Changes voted by Parliament on Tuesday will cap banker’s bonuses to curb speculative risk-taking, step up capital provisions to help banks cope better with crises and stiffen supervision. This EU banking reform package, the most comprehensive so far, should also spur growth, […]
Citi, The Depository Trust & Clearing Corporation (DTCC) and XBRL US today announced that Citi has begun sending XBRL-formatted dividend announcements related to ADRs for which it is the depositary bank to DTCC through The Depository Trust Company (DTC), a DTCC subsidiary. These announcements are used to update the DTCC database, consolidate corresponding information and […]
http://www.istockphoto.com/photo/strategy-on-blackboard-27242128?st=99ca525 XBRL International is pleased to announce two new additions to its Board of Directors. The candidates were elected by the XII Member Assembly at its meeting in Dublin, Ireland.
ACORD and XBRL International, in collaboration with BR-AG (Business Reporting Advisory Group), today released a discussion paper examining touch points between the XBRL Solvency II taxonomy and ACORD’s Global Reinsurance and Large Commercial (GRLC) standards. The paper’s release was announced jointly by BR-AG’s CEO Michal Piechocki and ACORD’s Chief Industry and Government Affairs Officer, Ann […]
The IS-FESG Taxonomy, by the Spanish Association of Accounting and Business Administration, provides technological support for the generation, transmission and processing of Reports on the activities for all types of entity using the Integrated Scoreboard of Financial, Environmental, Social and Corporate Governance indicators. http://www.istockphoto.com/photo/sevilla-city-square-and-banco-credito-de-espanol-19275242?st=d793b61
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